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Shaggy limited purchased a new van on january 1 2014 the

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Shaggy Limited purchased a new van on January 1, 2014. The van cost $20,000. It has an estimated life of five years and the estimated residual value is $5,000. Shaggy uses the double-declining-balance method to compute depreciation. What is the depreciation expense for 2014?

Reference no: EM13574060

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